Holdings Plc has announced it will terminate its architectural license agreement with Qualcomm Inc., allowing the chip giant to design semiconductors based on Arm's intellectual property. The UK-based company has issued a formal 60-day notice of cancellation, a move that threatens to shake the foundations of the smartphone and personal computer markets. This decisive action follows Arm's lawsuit against Qualcomm,…

TikTok Music has announced its impending shutdown, confirming that accounts will be closed by November 28. This decision follows an unsuccessful attempt to translate the massive engagement from TikTok’s main app into a viable music streaming service. Users can expect all personal data and login information to be deleted as part of the closure. For existing subscribers, there are important…

Apple's iOS 18.1 is set to release next week, introducing new and innovative features that promise to enhance user experience across devices. This update will officially bring hearing aid software capabilities to the AirPods Pro 2, and roll out Apple Intelligence, a suite of AI-powered tools. The launch has been confirmed by several tech outlets, including The Wall Street Journal…

Uber is reportedly considering an acquisition of Expedia, one of the world’s largest travel booking companies. According to the Financial Times, the idea is still in early stages, with Uber yet to make a formal offer. With an estimated valuation of $20 billion, Expedia would be Uber's largest acquisition to date. Sources indicate that Uber has spent the past several…

Amazon has introduced a suite of new capabilities for advertisers, including a revamped Demand-side Platform (DSP) and innovative AI tools, aimed at enhancing ad services and campaign performance. Announced at Amazon's annual UnBoxed conference, these upgrades showcase the retail media giant's commitment to expanding its advertising ecosystem, helping marketers optimize ad campaigns across its platforms. New AI-Powered Creative Tools for…

The Biden administration is exploring the possibility of implementing territorial restrictions on the export of advanced artificial intelligence (AI) chips, particularly those produced by leading U.S. companies such as Nvidia Corp. The potential policy aims to control the distribution of these cutting-edge technologies, which are seen as critical assets in the global AI race. Strategic Export Licensing Under Consideration According…

BlackRock, the world’s largest money manager, achieved a historic milestone, with its assets under management (AUM) exceeding $11 trillion for the first time. This record was driven by a robust market rally and a surge in new investments, pushing the company’s shares to a new high. Revenues Exceed Expectations During the recent quarter, BlackRock’s revenues rose by 15% to $5.2…

Elon Musk, the trailblazing CEO of Tesla, once again captured the world’s attention on Thursday with his bold vision of an "age of abundance." Musk's grand announcement promised a future filled with self-driving cars that lack steering wheels, urban spaces transformed from parking lots to parks, and robots mingling with the human population. It was a dazzling spectacle—typical of Musk—complete…

The cryptocurrency market is abuzz today as a new report reveals that spot Bitcoin Exchange-Traded Funds (ETFs) now hold a staggering 5% of the total Bitcoin supply. This significant development reflects the growing interest from institutional investors in Bitcoin as an asset class, which is being increasingly embraced by financial giants. BlackRock Leads the U.S. ETF Market with $22.91 Billion…

Meta’s Ray-Ban smart glasses, already one of the more ambitious attempts at blending fashion with AI technology, are taking a leap forward with new updates that push the boundaries of wearable tech. At the recent Meta Connect conference, the company unveiled a series of software enhancements and a new translucent style for its Ray-Ban smart glasses, which promise to make…

Fidelity has dramatically lowered its valuation of Elon Musk’s social media platform X, formerly known as Twitter, highlighting the financial struggles the company faces. Since Musk acquired the platform for $44 billion in October 2022, X’s worth has plummeted, with Fidelity's latest estimate placing its value at just $9.4 billion — less than a quarter of the purchase price. Fidelity's…

Tesla's recent decision to send managers to the homes of employees on long-term sick leave has ignited significant backlash from the plant's union and raised questions about workplace ethics. This move, described by André Thierig, the manufacturing director of Tesla's Berlin-Brandenburg gigafactory, as an effort to “appeal to employees’ work ethic,” has been met with vehement opposition from labor representatives.…

Sam Altman, CEO of OpenAI, has been vocal about how artificial intelligence will reshape the future. In a recent and rare personal blog post, Altman painted a bold and optimistic picture of the world with AI, declaring that the future will be "so bright that no one can do it justice by trying to write about it now." His post…

Messaging giant Telegram is set to alter its approach to user data by providing authorities with user IP addresses and phone numbers in response to valid legal requests, as announced by CEO Pavel Durov. This significant policy shift aims to curb criminal activities and comes in the wake of Durov's recent legal troubles in France, where he faces charges related…

India’s Competition Commission of India (CCI) has accused smartphone giants Samsung and Xiaomi of colluding with e-commerce platforms Amazon and Flipkart to conduct exclusive online product launches, in violation of antitrust laws. These practices, the CCI states, have hurt smaller retailers across the country, raising concerns over free competition. Regulatory Scrutiny Deepens According to reports by Reuters, the CCI's investigation…